Takata Airbag Lawsuit Loans

Drivers and passengers rely on airbags in the event of an accident. However, consumers are now learning that certain types of airbags can be very dangerous. Especially alarming is that the airbag manufacturer Takata tried to hide these risks. Continue reading this article to learn more Takata airbag settlements, how to go about filing a claim and lawsuit loans.

The more valuable a case, the higher chance of a larger settlement for the plaintiff. In strong cases, the plaintiff has most likely endured significant injury and loss of quality of life, amounting to higher damages.

Unfortunately, the plaintiff is often left with the financial burden until settlement arrives. To make matters worse, mass tort product liability like Takata can take time. Lawyers often spend years testing cases before settling some mass tort cases.

In the meantime, Takata airbag lawsuit loans can help cover your expenses. If all of the following are true, you may qualify:

You or a loved one suffered damages as a result of faulty Takata airbags and be engaged in active litigation

An expert has determined that your Takata airbag was faulty, and did not preform as intended

Takata Airbag Recall and Lawsuit

Takata made headlines when their defective airbags resulted in 17 deaths and over 180 injuries. Faulty Takata airbags would sometimes explode, causing metal shrapnel to fly at drivers and their passengers. More disturbingly, Takata was aware of the risks associated with their airbags. Over a decade ago, they conducted secret tests and tried to hide the evidence.

Their airbag recall is the largest in American automotive history with more the 60 million cars recalled. This number is only expected to grow to 90 or even 100 million. Many plaintiffs continue to file lawsuits against the manufacturer after these recalls. In 2015, the National Highway Traffic Safety Administration (NHTSA) charged Takata with a civil penalty of $200 million. In January 2017, Takata pled guilty to criminal misconduct, which led them to reach a $1 billion settlement with the U.S. Department of Justice.

Many car brands (Toyota, BMW, Mazdan Subaru and Nissan) agreed to pay a $553 settlement in order to resolve charges related to economic losses. However, this does not cover personal injury, wrongful death or property damage lawsuits. Many plaintiffs still look to filing a lawsuit against Takana to recover damages for injury and wrongful death.

Recently, Takata filed for bankruptcy and announced recall of 2.7 million additional vehicles vehicles from Ford, Mazda, and Nissan with calcium sulfate inflators.

Past Settlements

Parham vs. Takata

In 2009, Ashley Parham got in a minor accident when the airbag in her Honda Accord shot a shrapnel into her neck. The shrapnel sliced an artery and she bled to death. The Parham family then filed a wrongful death lawsuit, which Takata quickly settled for an unknown amount.

Williams vs. Takata

In 2010, Kristy Williams’ airbag exploded while she waited at a red light. The explosion caused a shrapnel to sever her carotid artery. While Williams survived, she suffers strokes, seizures and a speech disorder. She filed a lawsuit against Takata and the manufacturer settled for an unknown amount in 2011.

Rathore vs. Takata

In 2009, a mail truck struck Gurjit Rathore’s Honda Accord, causing her airbag to explode. Shrapnel fired into her chest and neck, resulting in her death. Her family filed a wrongful death lawsuit against Takata and the company settled for $3 million.

Johnston vs. Takata and Honda

In 2015, Randi Johnston was in an accident when the Takata airbag fired shrapnels into her face and neck, resulting in vocal cord damage. Johnston filed a lawsuit against Takata, Honda and the car dealership. In 2016, the defendants reached an unknown settlement.

Hanif vs. Takata & Honda

In 2016, Huma Hanif’s Civic rear-ended another vehicle. The airbag fired shrapnel into Hanif’s neck and she died at the scene. Her family filed a wrongful death lawsuit against Takata, Honda and Westside Hummer (where the vehicle was purchased). The defendants reached an unknown settlement that same year.

Uplift Legal Funding

If you or a loved one is suffering as a result of a defective Takata airbag, you should consider filing a claim. Uplift Legal Funding can help cover your medical costs, lost wages and other life expenses so that you can negotiate a higher settlement. Best of all, if you do not win the case, you do not owe us anything! Apply online or give us a call at (800) 385-3660.

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Pre-Settlement Funding Calculator

$500 $100,000

With that amount of legal funding, your lawyer would pay us back about if your case settles in a year *

* Legal funding is non-recourse and not a loan. Assumes 3.0% simple monthly interest and no fees.